This week marks one of the most significant shifts in Australia’s financial crime landscape in over a decade. Tranche 2 closes long-standing gaps in AML/CTF regulation, extending obligations to VASPs, remittance providers, financial institutions and DNFBPs such as lawyers, accountants, and real estate agents.

Clarity and readiness will be critical. Non-compliance comes at a cost — as recent enforcement actions show — and the time to act is now.

Read Personr’s insights on what these changes mean for regulated entities:

https://www.personr.co/industry-insights/austrac-rules-are-here-but-are-they-easy-to-understand